Topic: [ANN] BitGrin (XBG) – MimbleWimble with Bitcoin economics – Windows wallet! - page 7. (Read 7489 times)

Hi there, is there a explorer like e.g. grinexplorer?

e:/ and which miner are you guys using?

support C31 mining?

do you know dash coin devs mined more than 30% coin for themselves in the first day, and changed the algorithm to X11 the Second day?

but even it's 30% premine, DASH coin still become a huge success.

I suppose anything could happen. I just think their incentives are wrong to take a huge premine. We take a monthly payout dev fee, so we're incentivized to keep building and improving. A big premine just means they have the incentive to sell as soon as possible.

but why you say they will never add it?

remember Dark Coin (Dash coin), no one believe them when they released in 2014, but they become a huge success.

It's something both the Grin and BitGrin teams are already researching. They're just promising something that is going to be added anyway to sell their premine (they will never add it)
More info: https://www.grin-forum.org/t/confidential-assets/1217

i think it's a fork of grin, but they claim to add anonymous asset features

any plan of bitgrin for this feature？

It has a 42,000,000 coin premine / instamine with ninja launch. Good luck, but no thank you.
BitGrin on the other hand has zero pre-mine, and was launched with plenty of notice, assuring a true fair launch.

Seems another Mimble Wimble project released?

https://bitcointalksearch.org/topic/annkepler-networkfirst-confidential-asset-platform-based-on-mw-cuckatoo31-5116576

 ANN|Kepler Network|POW|First Mimble Wimble Anonymous Asset Platform|C31 LAUNCHED

but with C31 algorithm only

There is not any problem with current release, problem is elsewhere...

Waiting for a normal GUI wallet. the one that is currently impossible to use.

So this is a good job for the team. If this will going to continue then definitely this project will goes good along over a period of time. There is nothing to worry investing in a project like this. Does the BitGrin (XBG) project started a bounty campaign program? If it does then there is a high chance that the project will be more successful. This is a good project with a good team.

Very excited to bring you the most user friendly MW wallet ever made, this week. Stay tuned folks.

I'm mining from the first day, I'm very satisfied with the work that the devs are doing these days, bitgrin has nothing to envy to grin ... or rather the opposite! a wallet gui will soon be available. the community is growing every day!! really a job well done, congratulations

I like that projects and Biggrin are no exception interested in complete anonymity and privacy of user data! I also noticed that the developers wanted to stay in the shadows and not to announce their names?!

Hey,

regarding the team:

We consist of two Rust coders who also have deep experience with cryptography and crypto in general, and two more people for all front end related topics.
About the identity of the devs, most of us will stay anon for the time being, but this could change for the mid to long term.
Atm we are focussed on bringing out the one click miner and to improve the useability of the BitGrin wallet.

More infos, the long term roadmap and much more will come when we will update the website in the coming weeks.


Regarding BitGrin:

We believe a lot of people - us included - think that Grins MimbleWimble implementation is amazing.

The problem we see is that especially for a new born crypto the economic incentives has to exist to be adopted by the crypto community.

Good tech only is not enough for that - the project needs to have a sound economical basis.

This is the reason we decided to fork Grin, where the founders wanted to try out a new model for the mining economy.
The idea lead them to implement a linear emission rate:

1. It mimics the inflation rate of fiat, which incentives spending instead of holding.
2. It makes mining a more even field because early and late adopters still get the same mining reward.


Nr. 1 is quite problematic, because a currency that incentives spending while not having the ecosystem to be able to spend the currency will hardly be adopted - miners not only need to sell instantly, but are forced to do so, because the value of their holdings are decreasing with every second they hold the currency (the same goes for every holder).

Without an ecosystem to spend the currency, the majority of Grins utility as a currency vanishes.
Without adoption, no ecosystem, without ecosystem no adoption - a negative feedback cycle is created.


BitGrins economic basis mimics that of BTC which incentives holding of the currency and thus giving the currency enough time to build an ecosystem, while people are still able to profit from it in the long run.

Following this we strongly believe that BitGrin is very likely to be adopted by the crypto community.

good to know this.

So can you provide the information asked instead of merely defending yourself through theories and diverting the main concern of which he replied there?

I would also remind you that you haven't address my concern on few pages back, on how would "patching" the MW flaws with bitcoin structure helps ensuring your price stability

Mining it, but the windows wallet no clue how to work with that ...

I wish you’d lay off the ‘economics suck’ message - it’s both unfair and comes across as fanboy-ish.  Grin was developed w/ an economic model suited toward its goal of becoming a currency.  Clearly, the model you’ve chosen is more suited to a store of (increasing) value, but as such incentivizes hoarding, and therefore is less likely, in comparison, to become successful as a widely used currency.  Both have legitimate purposes, and both can possibly be successful in their respective endeavors.

Please take this as the constructive criticism it is meant to be.  I am a miner and holder of both currencies.